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EFCC uncovers N6.2billion Abacha loot in Channels Island

The Economic and Financial Crimes Commission (EFCC) is on the trail of £22.5m (N6.18billion) loot which the late Head of State, Gen. Sani Abacha, is alleged to have stashed away on the tiny Island of Jersey, part of the Channels Island.

The anti-graft commission is also working to solve the riddle of the whereabouts of over $400million Abacha loot on the Island.

A source, who spoke in confidence, said: “We are probing the whereabouts of £22.5m (N6.18billion) loot of the late Head of State, Gen. Sani Abacha which was recovered from the Island of Jersey. The EFCC cannot locate where the money was remitted to.

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“According to records, the late Head of State allegedly stashed the funds through a Lebanese called Bhojwani. But when the Office of the AGF was alerted by a whistleblower, the government of ex-President Goodluck Jonathan opened discussion with the Attorney-General of the Island of Jersey.

“The AG of the Island of Jersey cooperated fully with the government, leading to the repatriation of the £22.5m. We want to know where the money is; we need records from those involved”, the source stated.

There are indications that the EFCC may quiz a Senior Advocate of Nigeria, Mr. Damian Dodo, over the cash “any moment from now”, on the cash as he played a key role in securing the loot for the Federal Government.

The source said it was unclear if the Jonathan administration collected the $400million Abacha loot also stashed on Jersey Island.

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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com

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